Nvidia to acquire Mellanox for US$6.9bn - General Business

Nvidia to acquire Mellanox for US$6.9bn - General Business

Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help the US chipmaker boost its data center business.

"The deal will give Nvidia an even bigger market share in the data-center market", he said. "It will probably spark questions as to whether Nvidia sees anything changing regarding the growth trajectory of their core data center business".

According to anonymous sources speaking to newswire service Reuters, Mellanox has been offered a deal in excess of $7 billion in cash (around £5.4 billion) from Nvidia - which, if accurate, would represent the largest acquisition in the company's history. Microsoft and Xilinx, a US-based supplier of programmable logic devices, were also allegedly eying up the company.

Nvidia has outbid Chipzilla during the in the Mellanox auction and is expected to announce the deal as early as today. Combined, Nvidia and Mellanox power more than half of the world's top 500 supercomputers.

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Nvidia said it believes that market for it and Mellanox is worth about $60 billion: $50 billion for Nvidia's computing chips and $11 billion for Mellanox's high-speed networking chips.

"The data and compute intensity of modern workloads in AI, scientific computing and data analytics is growing exponentially and has put enormous performance demands on hyperscale and enterprise datacenters", Nvidia said in a statement.

Nvidia Corp has submitted an offer to buy Israeli chip designer Mellanox, the Calcalist financial news website said on Sunday. "Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant datacenter-scale compute engine". Nvidia and Mellanox aren't strangers; they have previously worked together on several products including the likes of the Nvidia DGX-2, as well as the #1 and #2 United States supercomputers - Summit and Sierra. Combining our two companies comes as a natural extension of our longstanding partnership and is a great fit given our common performance-driven cultures.